03:50
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CS CHANA (OCT.) OVERVIEW:
Indian chana, or chickpea, futures edged down as sowing is expected to be higher in the winter months due to sufficient moisture in the soil, while higher stocks also weighed. Farmers depend on rains to moisten the land for sowing. Stocks are high with stockists and traders. Also, sowing is going to be higher in the rabi season. All these factors are weighing on prices.
TREND BEARISH
SUP1:3095,
SUP2:3049,
RESIST1:3220,
RESIST2:3265.
TRADING STRATEGY: SELL ON RISE.
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Indian chana, or chickpea, futures edged down as sowing is expected to be higher in the winter months due to sufficient moisture in the soil, while higher stocks also weighed. Farmers depend on rains to moisten the land for sowing. Stocks are high with stockists and traders. Also, sowing is going to be higher in the rabi season. All these factors are weighing on prices.
TREND BEARISH
SUP1:3095,
SUP2:3049,
RESIST1:3220,
RESIST2:3265.
TRADING STRATEGY: SELL ON RISE.
stock tips
commodity tips
equity tips
Get free trial
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